EPS for Westlake Chemical Corporation (WLK) Expected At $2.06

April 17, 2018 - By Harriett Tippett

Westlake Chemical Corporation (NYSE:WLK) LogoInvestors sentiment decreased to 1.33 in Q4 2017. Its down 0.05, from 1.38 in 2017Q3. It fall, as 37 investors sold Westlake Chemical Corporation shares while 66 reduced holdings. 69 funds opened positions while 68 raised stakes. 36.26 million shares or 2.33% less from 37.12 million shares in 2017Q3 were reported.
Nomura Inc has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Advsrs Asset Mngmt accumulated 0.03% or 17,044 shares. Marvin Palmer Associate has invested 3.63% in Westlake Chemical Corporation (NYSE:WLK). Johnson Investment Counsel invested in 8,500 shares or 0.02% of the stock. Balyasny Asset Mgmt Ltd Liability Company invested in 57,648 shares or 0.02% of the stock. Prudential Fincl accumulated 390,432 shares or 0.06% of the stock. 1.56M were accumulated by Blackrock. Zacks Investment Management has invested 0.05% in Westlake Chemical Corporation (NYSE:WLK). Royal Savings Bank Of Canada invested 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Broadview Advsrs Lc owns 78,200 shares for 1.19% of their portfolio. Citigroup Incorporated has 544,552 shares for 0.05% of their portfolio. Moreover, Clark Cap Group Inc Incorporated Inc has 0.42% invested in Westlake Chemical Corporation (NYSE:WLK) for 128,607 shares. Moreover, Guggenheim Lc has 0.02% invested in Westlake Chemical Corporation (NYSE:WLK) for 96,583 shares. American Century accumulated 57,577 shares. Aperio Gp Lc reported 18,607 shares.

Since February 22, 2018, it had 0 insider buys, and 12 selling transactions for $11.77 million activity. Bender Mark Steven also sold $558,470 worth of Westlake Chemical Corporation (NYSE:WLK) shares. 4,038 shares were sold by BLAKELY ROBERT T, worth $448,218. 17,558 shares valued at $1.95 million were sold by LUKENS MAX L on Thursday, February 22. 24,318 shares were sold by Kenner Andrew, worth $2.69 million. 19,349 Westlake Chemical Corporation (NYSE:WLK) shares with value of $2.19M were sold by Buesinger Robert F.. Teel Lawrence E. sold $1.05M worth of stock or 9,351 shares.

Analysts expect Westlake Chemical Corporation (NYSE:WLK) to report $2.06 EPS on May, 1.They anticipate $0.80 EPS change or 63.49 % from last quarter’s $1.26 EPS. WLK’s profit would be $266.96M giving it 13.39 P/E if the $2.06 EPS is correct. After having $1.62 EPS previously, Westlake Chemical Corporation’s analysts see 27.16 % EPS growth. The stock increased 1.57% or $1.71 during the last trading session, reaching $110.33. About 700,097 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since April 17, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Among 14 analysts covering Westlake Chemical Corp (NYSE:WLK), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. Westlake Chemical Corp had 26 analyst reports since October 17, 2017 according to SRatingsIntel. The rating was downgraded by J.P. Morgan to “Hold” on Monday, April 9. RBC Capital Markets maintained the shares of WLK in report on Thursday, November 9 with “Buy” rating. The firm has “Hold” rating given on Tuesday, March 27 by BMO Capital Markets. Susquehanna maintained Westlake Chemical Corporation (NYSE:WLK) on Sunday, February 25 with “Buy” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Buy” rating given on Wednesday, February 21 by Citigroup. The firm has “Buy” rating given on Thursday, January 25 by RBC Capital Markets. On Wednesday, February 21 the stock rating was maintained by UBS with “Sell”. The rating was maintained by Cowen & Co with “Buy” on Friday, November 17. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, December 13. Citigroup maintained the stock with “Buy” rating in Tuesday, October 24 report.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $14.30 billion. It operates through two divisions, Olefins and Vinyls. It has a 11.03 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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